“Apple Inc. has enjoyed being a cornerstone of the bull market of recent history. Between July 2006 and the end of 2007, AAPL shares experienced dramatic and impressive price appreciation from about $50 to nearly $200. However, as is true of the market in general, 2008 has not been kind to Apple. At present, Apple is trading just above $130, an almost 35% drop in just over 3 weeks. This selloff has brought Apple shares back into an attractive enough level that it is now on Ockham’s buy list,” Ockham Research reports via Seeking Alpha.
“There are plenty of reasons to be excited about the future of Apple Inc. For starters, the stock is almost 35% cheaper than it was a month ago. Furthermore, Apple has developed a multifaceted entertainment and functionality based empire. iPods have revolutionized the music industry and almost single-handedly pushed the industry into a digital age. And they still control over 70% of the market for digital music players. iPhone is on the same path in the rapidly growing smart-phone arena, and Apple expects to meet sales goals of 10 million units by year end 2008. The Apple OS Leopard is selling quite well and is considered by many to be superior to rival Vista,” Ockham Research reports.
“To sum it up, Apple has the products that consumers want, and as seen with the newest software updates, they are constantly striving to improve. They have developed a large, growing, and devoted customer base, many of which own several of Apple products… AAPL is now an attractive candidate for those looking for a smart buy,” Ockham Research reports.
Full article here.
[Thanks to MacDailyNews Reader “Gavin” for the heads up.]
“Apple shares are low hanging fruit”
That what Eve said….
Well, the only question today is whether those apples (or should I say, AAPLs) are ripe for the picking, or do they still have room to grow bigger and consequently lower (for the picking, that is).
I had to bail out in the end, in order to avoid losing too much. Sitting on the sidelines, I’m still not sure if the time is right to jump in. I did put in a small portion (10% of what I had) into some AAPL options; being a Mac guy, I have infinite confidence in their execution and happen to agree with all these analysts. Still, as much as they are right in principle, the recession talk is still not over.
Buying and holding AAPL, though, is definitely a no-brainer. Two years from now, we’ll be enjoying serious profits.
“Ockham Research”
Well, that’s pretty obvious. Go for the simplest solution.
If so, where are the buyers?
Amazing how investors in a company that has come so far on the strength of the marketing skills of a Showman CEO are wise to the hype, know it will not last, and take their profits as soon as there is a hiccup.
Well, hiccup came when the Showman lowered expectations and said sales of his toys may have hit their peak.
If he had only said something about increasing the focus on the serious side of the business, reaction may have not been so costly to him and his shareholder hordes.
Apple ought to get cracking on a stock buyback now that it’s low like this.
@Really
Visit an Apple Store for an hour. I promise you the Showman won’t be there, but his visionary products will be.
Go ahead, play around with some of them.
Then, go visit a MicroCenter and hang out for another hour
and see if you can stay awake playing with the 3rd party conglomeration of pieced together hardware and software.
Sure, we Mac users are fickle…but it’s the short term daytraders and portfolio leveling brokers who make the hiccups, pal. The true Apple lovers are in it long term.
Look at AAPL the last 5 years and drool. Again, Apple’s numbers didn’t bring AAPL down, the world economy did.
So, I say REALLY, to your “really”
“may have not been so costly to him and his shareholder hordes.”
I like to think of these as little gifts that appl gives its shareholders in the form of a buying op.
@ Ampar
I hope the all buy iPhones soon, to replace Ockham’s RAZRs.
C1: Nice! And Motorola? Well, in theory that should friar.
The world economy did not bring Apple down. A well orchestrated sell off by the big hedge funds did it. Apple will rise again.
@Georgy Porgy:
absolutely right! go to an apple store and look at the crowds of folks in there….those are the buyers! the tipping point is coming…
My friend Leon is also a low-hanging fruit.
Johnny: “And Leon is getting laaaaarrrrrger.”
Stop me if I am going to fast, I don’t understand all this doom and gloom predicted for Apple because the stock went down. Common sense and study of the market tells us that after Christmas is always a hard time. (For everybody) People don’t buy because they bought for 3 months straight prior to X-Mas day. It’s only the first month of the year and I am sure Jobs & Co. have many more surprises up their sleeves. Until then, exercise common sense.
Guess I picked the wrong day to stop sniffing glue.
I’m hanging like a plumb-bob here.
Last chance to buy AAPL below $130… again.
rise by the hedge,
die by the hedge.
Steve should have split the stock when it was above $150.
The gentleman is correct. Their earnings call results show that Apple is on a tear. ALL of their product lines have done well and will continue to as the year progresses. Imagine what iPhone sales will be as they open up the rest of the world with the product, not to mention the deferred revenue stream that comes with the sale. Now is the time for buyers to grab some of that ” low hanging fruit “.
It’s amazing that this simple analysis of Apple is still news to people.
Actually, I would agree that Apple should buy back stock at this low point so when its 250 they can show super profits, …..
but…..
I am sure that there would be those that would try to Sue Apple for manipulating the stock market cause they know their stock is worth more and will climb so if they do anything, they risk FCC or investor lawsuits.
Its a crazy world out there, and I say “Lets blame the lawyers!! ”
en
Me too…I have some low hanging grapes.
How about we hang the lawyers by THEIR low hanging grapes?
Apple shares are low hanging fruit
…and getting lower.
Last chance to buy below $131!!
Or the wrong day to stop shooting heroin. Have you ever been in a Turkish prison, Crissy One?